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Small Business LoansProject InformationContact US

About HIDC


Housatonic Industrial Development Corp. (HIDC) mission is to help Connecticut's small businesses grow, create or retain jobs and achieve economic development goals within the state.

For more than 45 years, HIDC has been a leading resource to Connecticut's small businesses through the creation and administration of long-term fixed rate financing.


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SBA 504 Loan Program


The SBA 504 Loan Program works with lenders to provide up to 90% long- term, fixed-rate financing for small-to-medium sized businesses that retain and/or create employment opportunities.




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Current Loan Rates


Below are the 20 year effective rates for HIDC assisted loans funded in the past six months:


Sept 2018  5.250   20 year

                 5.290   25 year

Aug 2018   5.30%  20 year

                 5.35%  25 year

July 2018   5.259%  20 year

                 5.320%  25 year

June 2018  5.32%

May 2018   5.22%

Apr 2018   5.029%